If Bitcoin drops to around 112,000, would you dare to buy in? Can it surge to a new historical high in a short time? This point is crucial! #加密市场回调
In an earlier article, it was mentioned that 112,000—120,000 is a high volatility range, with 115,000 being the central position. Therefore, as long as it hasn't completely broken away from this range, trading around these three positions is advisable.
Currently, Bitcoin is in a correction phase. If it cannot hold 115,000, it is highly likely to approach around 112,000. This will be the most critical battle between bulls and bears! If it strongly breaks below, reaching a historical high in the short term will be even harder than climbing to the sky. Of course, the likelihood of a strong break is very small. From the perspective of whale harvesting and on-chain liquidation data analysis, this position is sufficient for them to reap substantial profits.
There is also a possibility that it won't drop to 112,000. The consecutive declines in recent days have already caused substantial harm to the bulls. This operation appears as if the market drops every day, with the bears profiting and the bulls being liquidated, but this is not entirely true. This type of drop does not benefit the bears either; don’t be stubborn, this is the reality!
For short-term trading, especially for day traders, it is essential to trade in more stable and fair assets, such as Hang Seng Index, NASDAQ, gold, etc. Digital currencies are still not mature enough, and the manipulation by whales is too obvious; otherwise, how could #凉兮 turn into a mental breakdown? The trading opportunities for ordinary people can only be trend trading, excluding trading geniuses.
Now in a correction phase, September is approaching when the Federal Reserve is expected to cut interest rates. Therefore, before this, we must clear the obstacles to the rise; once the bulls have eaten, an irregular surge will begin, not giving everyone a chance to get on board. Unknowingly, Bitcoin will rise above 120,000, initiating a real bull market. If you can't seize this opportunity, there will really be no chances left in this bull market!
The current volatility cycle is shrinking, which means a trend change could happen at any time. Pay close attention to subsequent articles. I will release the key trend change signals as soon as possible $BTC $ETH $SOL
